South Plaza Office Space

South Plaza

Market Report

Number of Listings
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
13,540

South Plaza Rates

On average, listings lease in the $30's per square foot per year. The South Plaza region is experiencing a a boost in rates. In the last 3 months, the median rate rose $36 per sqft per year.

Compared to the rest of the Kansas City market, the South Plaza region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

South Plaza Listing Supply

In the last 90 days, 19 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the listings in the South Plaza are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 13,540 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 12 stories. Most buildings in this market were built in 1985 and are Class B.

South Plaza Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Most of the occupants of South Plaza work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in South Plaza.
Research